Ratings agencies Standard & Poor's and Fitch scaled back their warnings tha...
- Ratings agencies Standard & Poor’s and Fitch scaled back their warnings that Britain might suffer a new credit downgrade, saying Prime Minister Boris Johnson’s emphatic election victory last week reduced the risk of a no-deal Brexit next month.
S&P raised Britain’s outlook to stable from negative while Fitch took the country off its rating watch negative list although it kept its broader outlook at negative. Johnson now plans to pass legislation to prevent the country asking for an extension to a Brexit transition period which is due to expire on Dec. 31, 2020.
S&P said it expected a no-deal Brexit at the end of next year would be avoided by London asking for more time.
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